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2300 Menaul Boulevard Northeast
Albuquerque, NM 87107
Asking Price
$4.30M
Asset Type
Traditional Office Office
Class
Class B
What's Special
For Sale or Lease - Office building with incredible visibility and access! <p>PRICE: $4,300,000 or $72 ± /sf</p><p>RATE: $17.00/sf Full - service</p><p>SIZE: 59,628 ± sf (2 buildings – 29,814 ± sf each)</p><p>PARKING: 5.5:1,000 sf – 329 ± ( 30 ± covered)</p><p>ACREAGE: 4.8915 ± acres (3 separately platted lots)</p><p>ZONING: NR-C (Non – Residential Commercial) City of Albuquerque</p><p>BILLBOARD INCOME: Long term lease to Clear Channel Outdoor included</p><p>with the sale, providing reliable passive income (ROFR - see broker for details)</p>
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NOI
$80,000
Cap Rate
1.86%
DSCR
0.31
Underwater
Cash-on-Cash
-13.59%
Monthly Payment
$21,274.054
Annual Cash Flow
$-175,288.646
